Ticker Sense Blogger Haiku
Oct.08, 2008 in
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October 9th, 2008 at 6:02 am
CXO Advisory had a post today which suggested no influence either way:
http://www.cxoadvisory.com/blog/internal/blog10-08-08/
My guesstimate on the crash was too many heads were stuck in sand (as measured by frothy breadth indicators) as the financials tanked. Only when they popped up for air did the mob assess negative impacts on the stocks they owned and decided selling was in order. When that happened the pace of the drop acclerated. Blogger opinions or not!
DJF